In the second quarter of this year, Riot Platforms experienced a significant setback with a net loss of $84.4 million, compared to $27.4 million in the same quarter of the previous year. The company reported a total revenue of $70 million, marking a decrease from $76.7 million in the same period last year. This decline
Senator Cynthia Lummis of Wyoming recently introduced a groundbreaking Bitcoin bill, which she referred to as the “our Louisiana Purchase moment”. The bill, known as the ‘Bitcoin Act’, proposes adding 1 million BTC, valued at approximately $64 billion, to the U.S. government’s holdings over a period of five years. This initiative aims to establish a
Marathon Digital (MARA) recently reported a second-quarter revenue of $145.1 million, falling short of Wall Street’s forecast by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global hash rate, and the impact of the recent halving event on the
Amidst market volatility and price fluctuations, it can be challenging for investors to determine the best times to buy Bitcoin. In a recent analysis, a crypto analyst known as ‘Stockmoney Lizards’ highlighted key price levels for potential buying opportunities. The analyst discussed Bitcoin’s recent price movements, pointing out important buy levels and the potential for
Recent on-chain data analysis has revealed a significant accumulation of almost $400 million worth of Bitcoin by a particular whale between July 30 and 31. This whale, identified by the address 12QVs…oN2qo, made a substantial purchase of 5,800 BTC ($387.88 million) from Binance within this short timeframe. The move suggests that this whale is confident
In July, the total stablecoin market capitalization experienced a 2.11% increase, reaching $164 billion. This growth has been consistent for the past ten months, with major stablecoins gaining more market dominance, which now stands at 6.93%. Tether, the largest stablecoin by market cap, reached a new all-time high of $116 billion, representing a 1.61% increase.
Semilore Faleti is a prominent cryptocurrency writer with a specialization in journalism and content creation. His journey in the world of writing began by covering a wide range of subjects, but he soon discovered his aptitude for unraveling the complexities and nuances of blockchain technology and cryptocurrency. This keen interest led him to explore the
The cryptocurrency market experienced a turbulent week, with Bitcoin plummeting by $10,000 from Monday to Sunday morning. The week started on a positive note as Bitcoin’s price surged by $3,000 on Monday, reaching $70,000 for the first time since June. This increase was fueled by Donald Trump’s pro-crypto remarks at the 2024 BTC conference, where
The recent price movement of Bitcoin has been nothing short of dire, as the leading cryptocurrency experienced a significant drop below $60,000 for the first time in weeks. Just a week ago, Bitcoin was riding high at $70,000 after a period of volatility following Donald Trump’s pro-crypto speech. However, the situation quickly changed with a
California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This initiative, in collaboration with software development firm Oxhead Alpha, aims to streamline the state’s title transfer process. By allowing users to claim their digital titles through a new application, the